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The directors
of Hong Kong companies
are responsible for the preparation of financial statements in
accordance with
the
Hong Kong Companies Ordinance
and
one of the following standards
issued by the Hong Kong Institute of Certified Public Accountants:
Hong Kong Financial Reporting Standards,
or
Hong Kong Financial Reporting Standard for Private Entities,
or
Small and Medium-sized Entity Financial Reporting Standard (SME-FRS)
An analysis of their details is attached for your reference
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